EUR/USD opens +1.17% after outperforming in broad USD weakness

Hawkish ECB comments and stronger German IFO improved EUR sentiment nL5N2XF1OAnL5N2XF1JC

EUR/USD closed above the May 5 high at 1.0642 and capped at 1.0697

Key fibo resistance is at the 38.2 of the 1.1495/1.0349 move at 1.0786

The 1.0785/90 resistance is fortified by the 55-day MA at 1.0787

Support is at the 21-day MA at 1.0540 and 10-day MA at 1.0528

Bias is bullish as ECB and Fed expectations converge

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